The selling down of 13 million shares today is due to the delay of the results to end of Feb 2020 and ended up with share price decrease of minus 17 percent to 10 percent.
Surprisingly some investors could predict and anticipate the delay on last Friday by dumping 6.5 million shares at 0.28. 0.029 and 0.030. They predicted accurately that the company would announce the delay today. Last Friday was only one trading day before today official announcement. Whoever those sellers on last Friday, they are really smart.
Hope those sellers will not regret it in coming weeks.
This is not investment advice.
Ann: Quarterly Activities Report, page-49
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